The company, which has premises on Sharston Industrial Estate, supplies specialist warranties for fabric, leather and wood furniture, which are sold to customers by leading retailers such as The Sofa Company and Kingdom of Leather.

It is also the sole UK distributor for Leather Master care products, the only range endorsed by can manufcturers Land Rover and Range Rover.

With operations around the world, including the USA, Australia, Singapore and Europe it has a é7m turnover and registers more than 600 new warranties every day in the UK alone.

But with its new investment it now expects to achieve a é9m turnover within the next 12 months.

Under expansion plans it has invested é700,000 on a major refit of its offices and set up a dedicated call centre for its UK and European customers, creating another 12 jobs at the firm which employs a staff of 50.

Said managing director Neil Gent: "The call centre facility allows us to process more calls for warranty holders across the UK and Europe as the number of warranties sold there increases.

"The expansion of the call centre is just the first step in our long-term plans, we are also increasingly offering a service and support network for manufacturers and retailers and we now have a platform to dramatically increase our capacity to offer that service.